Japan Raises Interest Rate

Bank of Japan lifts policy rate to 1.0% The Bank of Japan increased its policy rate by 25 Bps to 1.0%, effective June 17. The rate hike was approved by a 7-1 vote on June 16. Higher oil prices may contribute to inflation above the 2% target, posing upside r

Bank of Japan lifts policy rate to 1.0%

The Bank of Japan increased its policy rate by 25 Bps to 1.0%, effective June 17.

The rate hike was approved by a 7-1 vote on June 16.

Higher oil prices may contribute to inflation above the 2% target, posing upside risks.

The new policy rate marks Japan’s highest level since 1995.

Leave a Reply

Your email address will not be published. Required fields are marked *